Posted by Chris Kerr on February 16, 1997 at 13:40:54:
From a state citizen's stanpoint, does this 'gift tax' apply? I feel pretty sure it does not. Someone wishes to pass me bonds, but the company that has them says they need his signature as well as mine. This strikes me as odd firstoff, notwithstanding that anytime you sign anything you are in most probability 'waving' something. Any suggestions for the best way to do this? Liquidate and then pass? But I don't know as i'm unclear on how 'gift taxes' or any other such taxes apply here. Anyone have advice?